# #956 - Base Azul Goes Live On Mainnet *Base activates Azul on mainnet, Morpho publishes the Midnight whitepaper, Privy launches universal addresses, and Aave Labs secures FCA approval.* By [ETH Daily](https://ethdaily.io) ยท 2026-05-28 digest, base, azul, morpho, midnight, privy, aave, aave-labs, fca --- Quick Take ---------- * Base activates Azul upgrade. * Morpho Midnight whitepaper. * Privy universal deposit addresses, * Aave Labs secures FCA approval in UK. [ Base Azul Goes Live On Mainnet ------------------------------ Listen to this episode from ETH Daily - Ethereum News on Spotify. Base activates its Azul upgrade on mainnet. Morpho publishes a whitepaper for its Midnight protocol. Aave Labs secures FCA approval in the UK. And Privy launches Universal Deposit Addresses. Read more: https://ethdaily.io/956 Join 5,000+ attendees at ETHConf in NYC, June 8-10. https://spotify.com ![Base Azul Goes Live On Mainnet](https://storage.googleapis.com/papyrus_images/8ff1c8ab355456d5bfa7c4ce3ddaf406e20e56a9d54452fb6d56c2c2fe3b7338.jpg) ](https://open.spotify.com/episode/03fLgKEvkgojLjSS9VcgPn) * * * Sponsored by ------------ [![](https://storage.googleapis.com/papyrus_images/c1601768ccd1e18790b01ead6c41fbdec5a7fd86de67db5b0c7ab8ac0291c413.png)](https://ethconf.com/r/ETHDAILY) ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption. Get your tickets at [ethconf.com](https://ethconf.com/r/ETHDAILY) and use code ETHDAILY for 30% off General and 20% off VIP. * * * Base Azul Goes Live On Mainnet ------------------------------ Base activated Azul, its first standalone network upgrade since departing Optimism's Superchain. The upgrade introduces multiproofs combining TEEs with ZK proofs, a new execution client (base-reth-node), a new consensus client (base-consensus) built on OP Kona, the CLZ opcode, Osaka repricings, and performance improvements scaling the network up to 5,000 TPS. Azul also moves Base closer to Stage 2 decentralization. [Read more](https://ethdaily.io/base-azul-goes-live-on-mainnet) Morpho Publishes Midnight Whitepaper ------------------------------------ Morpho published the whitepaper for Midnight, a fixed-rate lending protocol built around isolated, immutable, permissionless markets with fixed maturities. Midnight implements lending and borrowing through the trading of credit and debt units that settle at maturity, with the implied rate derived from the discount at which units trade. The design eliminates locked liquidity by sourcing funds only at execution, supports single and multi-collateral configurations, and realizes bad debt at liquidation. Morpho also released the Midnight code. [Read more](https://ethdaily.io/morpho-publishes-midnight-whitepaper) Privy Launches Universal Deposit Addresses ------------------------------------------ Privy launched universal deposit addresses, a single user address that accepts deposits from any supported chain and automatically bridges and swaps the funds into the desired token and chain. Privy detects inbound transfers, bridges to the destination chain via Relay, and deposits into the user's wallet. Developers configure the destination chain and token specific to their application, abstracting bridging from end users. [Read more](https://ethdaily.io/privy-launches-universal-deposit-addresses) Aave Labs Secures FCA Approval In UK ------------------------------------ Aave Labs' UK subsidiaries, known as Push, received approval from the Financial Conduct Authority to operate as a registered cryptoasset exchange provider, and authorization under the Electronic Money Regulations to issue electronic money. The approvals enable Aave Labs to build regulated payments infrastructure in the UK, including a planned zero-fee fiat on-ramp that lets users move money from their bank account directly into Aave without leaving the app. [Read more](https://ethdaily.io/aave-labs-secures-fca-approval-in-uk) Other News ---------- * ACDC #179 [forkcast summary](https://forkcast.org/calls/acdc/179) * Ethereum [hits](https://x.com/ethdaily/status/2059999008182190196) 32% staked ETH * Base Azul [uses](https://x.com/SuccinctLabs/status/2060073617984241754) SP1 * Aave v4 [hits](https://x.com/ethdaily/status/2060052348932903202) $100m deposits * Protocol Guild [Megapot](https://x.com/ProtocolGuild/status/2060060859662242194) page * Privacy Pools v2 [will be free](https://x.com/0xprivacypools/status/2059647059922153930) * Privacy Pools v2 [private transfers](https://x.com/0xprivacypools/status/2060030983500374073) * DeFi sessions [recap](https://x.com/ivangbi_/status/2060054620215685185) * Commit-Boost [sidecar charts](https://x.com/Commit_Boost/status/2060036384258249133) * Neobank stack [prompt site](https://x.com/vaibhavchellani/status/2060005186173861898) * Fireblocks [transaction layer](https://www.otl.network/) * * * Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created --- *Originally published on [ETH Daily](https://ethdaily.io/956)*